Qualcomm Focuses On AI, Auto
Qualcomm, a tech giant that has been a key player in wireless connectivity since the 1980s, is now working on a new approach to generative AI, a technology that is incorporated into nearly all smartphones.
Qualcomm was also the world’s largest fabless chip maker until last month. Nvidia now holds the distinction after doubling its sales in its most recent earnings report.
The euphoria surrounding generative artificial intelligence models like ChatGPT, which are trained on Nvidia’s graphics processing units, or GPUs, has propelled the stock’s meteoric rise.
That’s why Qualcomm is positioning itself as a key player in the AI space, announcing today that it has introduced new in-vehicle generative AI capabilities, expanded into two-wheelers, and formed a new partnership with cloud computing leader Amazon Web Services.
(With inputs from Shikha Singh)
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